Landream’s landmark $900 million <a href="https://www.urban.com.au/new-apartments/pyrmont-place-14-26-wattle-street-pyrmont-nsw-2009">Pyrmont Place</a> development - the premier residential development in the Blackwattle Bay precinct - has now started taking registrations of interest.

The historic project, borne after years of negotiations, will finally revive the site that was home to the City of Sydney Council’s former depot, giving the area a much-needed facelift and leading the charge in transforming Sydney’s western harbour.

<a href="https://www.urban.com.au/developers/landream">Landream</a> lodged a development application for the project in 2019 which has since been approved.&nbsp;<a href="https://www.urban.com.au/new-apartments/pyrmont-place-14-26-wattle-street-pyrmont-nsw-2009">Pyrmont Place</a> also sets the tone for the NSW Government’s ambitious plans to reshape this iconic harbourfront into a thriving urban hub.&nbsp;

[smartcode_project:default project_id=138909 project_image_fid=330853] 
&nbsp; 
Located at 14-26 Wattle Street, <a href="https://www.urban.com.au/new-apartments/pyrmont-place-14-26-wattle-street-pyrmont-nsw-2009">Pyrmont Place</a> will deliver 237 apartments. The project’s thoughtful design and integration into the Blackwattle Bay masterplan demonstrate market confidence in the area’s evolution as a vibrant and walkable precinct. 
&nbsp; 
Landream continues to solidify its expertise at residential development having delivered several high-end projects in both Sydney and Melbourne including another complex site in Sydney - the former Coca-Cola building in Circular Quay which was transformed into Opera Residences in 2021. 
&nbsp; 
First in a revitalised precinct

Positioned at the gateway to Blackwattle Bay, <a href="https://www.urban.com.au/new-apartments/pyrmont-place-14-26-wattle-street-pyrmont-nsw-2009">Pyrmont Place</a> takes pride in being the first significant private development within the precinct.

[smartcode_project:default project_id=138909 project_image_fid=330852]

Its strategic timing aligns with the Government’s push to rezone Blackwattle Bay while further enhancing the $750 million Sydney Fish Market redevelopment next door. Together, these projects will transform the western harbour into a vibrant residential living, business, and tourism hub. 
 
Market dynamics and job creation

The precinct’s rezoning has created opportunities for residential expansion. <a href="https://www.urban.com.au/new-apartments/pyrmont-place-14-26-wattle-street-pyrmont-nsw-2009">Pyrmont Place</a> is perfectly placed to meet the growing demand for city-fringe apartments and mixed-use amenities.

[smartcode_project:default project_id=138909 project_image_fid=331808]

Construction is expected to begin in mid-2025, bringing substantial economic benefits, including hundreds of construction jobs and long-term retail activation. 
&nbsp; 
Seamless integration

Designed by BVN, <a href="https://www.urban.com.au/new-apartments/pyrmont-place-14-26-wattle-street-pyrmont-nsw-2009">Pyrmont Place</a> will seamlessly integrate into the area’s evolving character. The four-building development will include a childcare centre, a two-court indoor recreation center, 237 apartments and a range of communal amenities. These include an outdoor pool, gym, music room, communal landscaped terraces and open spaces designed by OCULUS.

[smartcode_project:default project_id=138909 project_image_fid=330856]

Ownership of the childcare centre and the two court recreation centre will be handed back to the City of Sydney.

Public through-site links will connect Jones Street to Wattle Street as well as Wentworth Park Light Rail station, ensuring convenient access to transport options. With proximity to the future Metro West station and ferry routes, Pyrmont Place will be one of Sydney’s best-connected residential hubs. 
 
Architectural excellence meets sustainability

<a href="https://www.urban.com.au/new-apartments/pyrmont-place-14-26-wattle-street-pyrmont-nsw-2009">Pyrmont Place</a> has been designed to honour Pyrmont’s industrial roots and sandstone heritage. Each building will feature a distinctive façade, creating a neighborhood vibe that harmonises with the surrounding environment.

[smartcode_project:default project_id=138909 project_image_fid=331808]

Green landscaped communal terraces, integrated plantings, and sustainable design elements will reflect Landream’s commitment to ecological development 
 
A Confidence Boost for Sydney’s Western Harbour

<a href="https://www.urban.com.au/new-apartments/pyrmont-place-14-26-wattle-street-pyrmont-nsw-2009">Pyrmont Place</a> underscores Landream’s commitment to Sydney’s future as a global city. The development’s design and timing demonstrate strong market confidence in the western harbour’s evolution into an urban village of global significance. 
 
"Pyrmont Place embodies our vision for creating transformative urban spaces that honour the past while embracing the future," says&nbsp;Harvard Shen, Director at Landream.&nbsp;

"This project isn't just about delivering premium residences – it's about crafting a vibrant community that will become the catalyst for Pyrmont's evolution into one of Sydney's most desirable waterfront neighbourhoods."

[smartcode_project_cta:default project_id=138909]

Positioned at the gateway to Blackwattle Bay, Pyrmont Place takes pride in being the first significant private development within the precinct

Joel Robinson

Landream reveals $900m Pyrmont Place apartments

The unit market on the Gold Coast shows no signs of slowing down.

After a brief cooling in December, where the market remained flat, 2024 still saw values climb by more than nine per cent.

The <a href="https://www.urban.com.au/developments/gold-coast-qld">Gold Coast</a> unit market kicked off 2025 strong, with a 0.5 per cent gain in January. CoreLogic’s Monthly Index for February revealed further growth of 0.6 per cent, pushing the median unit value on the Gold Coast to $832,000.

House values have followed a similar trajectory, with a 0.7 per cent rise in February. The median house value on the Gold Coast is $1.2 million.

The growth in Gold Coast property market aligns with national trends, as February saw a reversal of the short-lived housing downturn.&nbsp;

Although the national index increased by just 0.3 per cent, regional housing markets, including the Gold Coast, continued to outperform capital cities.&nbsp;

CoreLogic’s research suggests that this growth is being driven by improved buyer sentiment, spurred by expectations of lower interest rates and a slowdown in new property listings. &nbsp;

<h2>What happened in Gold Coast’s off the plan apartment market in February? &nbsp;</h2>

Sentiment in the Gold Coast off the plan property sector remained strong in February.

Although slightly softened from its 12-month highs, interest in new projects on the Gold Coast remained elevated in February, surpassing levels seen throughout most of 2024, excluding January.

In February, views of projects in Surfers Paradise reached a new 12-month peak, surpassing even January’s numbers, reflecting continued strong demand in the heart of the Gold Coast.

While the market remained robust, February was a relatively quiet month in terms of updates.

The biggest news came from <a href="https://www.urban.com.au/developments/broadbeach-qld-4218">Broadbeach</a> where&nbsp;<a href="https://www.urban.com.au/developers/bassar-group">Bassar Group</a> lodged plans for a new 33-level tower, <a href="https://www.urban.com.au/new-apartments/avva-19-anne-avenue-broadbeach">Avva</a>, on Anne Avenue.<img alt="First look: Bassar Group plot next Broadbeach tower" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-02-28%20at%202.05.20%E2%80%AFPM.png?VersionId=dV3x91xH8xvn3Arl5LktpKnCVHjNQlQH" />

<a href="https://www.urban.com.au/new-apartments/avva-19-anne-avenue-broadbeach">Avva</a>, the Greek translation for Anne which reflects the heritage of Bassar Director Leo Sarris, will feature a range of amenities on the podium levels, from a lap pool with day beds to a wellness area with a gym, yoga deck, hot and cold plunge, and a sauna and steam room.

Sarris said the conditions are right for their next installment of luxury in <a href="https://www.urban.com.au/developments/broadbeach-qld-4218">Broadbeach</a>.

"We're excited to announce the next Bassar tower following on from Infinity which sold out before construction completion," Sarris says. They've kept the same design team, with BDA again on board.

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/first-look-bassar-group-plot-next-broadbeach-tower">First look: Bassar Group plot next Broadbeach tower</a>

Broadbeach is always the most popular suburb on Urban for new apartments. Bringing more timely supply to the market in Febraury was&nbsp;<a href="https://www.urban.com.au/developers/amalgamated-property-group">Amalgamated Property Group</a>, who officially launched Affinity, their 39-storey development on Chelsea Avenue.

It's the first new development in Broadbeach to hit the market fresh in 2025.

[smartcode_project:default project_id=107690 project_image_fid=324819] 
&nbsp; 
Featuring 180 two and three-bedroom apartments, <a href="https://www.urban.com.au/new-apartments/affinity-broadbeach-40-46-chelsea-avenue-broadbeach">Affinity</a> aims to attract owner-occupiers with spacious floor plans, coastal views, and an extensive range of amenities, including a heated outdoor pool, gym, and private dining areas.&nbsp;

Construction is expected to commence in the second quarter of 2025. &nbsp;

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/amalgamated-property-group-launches-affinity-broadbeach-apartments-ahead-of-construction-commencement">Amalgamated Property Group launches Affinity Broadbeach apartments ahead of construction commencement</a>

Staying within the centre of the Gold Coast but on its fringe is Capri Villas. In February, developer&nbsp;<a href="https://www.urban.com.au/developers/monaco-property-group">Monaco Property Group</a> released the final stage of the gated community on the Isle of Capri, with construction progressing towards mid-2025 completion.&nbsp;

Offering something different to the new development market on the Gold Coast, <a href="https://www.urban.com.au/new-townhouses/capri-villas-81-salerno-street-isle-of-capri">Capri Villas</a> offer low maintenance living while retaining that feeling of living in a house.

[smartcode_project:default project_id=139511 project_image_fid=324087]

The three and four-bedroom villas are spread across a 12,000 sqm community behind a secure gate only accessible by residents and its guests. Once inside the gates, it feels like an American country club, with private roads leading to the villas.

Located in <a href="https://www.urban.com.au/developments/isle-of-capri-qld-4217">Isle of Capri</a>, the boutique development has been well received by buyers seeking waterfront living. &nbsp;

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/final-release-at-capri-villas-as-construction-speeds-toward-mid-2025-completion">Final release at Capri Villas as construction speeds toward mid-2025 completion</a>

CoreLogic's Monthly Index for February showed further 0.6 per cent growth, taking the median unit value on the Gold Coast to $832,000.

City Beat February 2025: Gold Coast property market continues upward trajectory

Deicorp has secured planning approval for its latest <a href="https://www.urban.com.au/new-apartments/castle-hill-nsw-2154">Castle Hill apartment development</a>.

The developer will deliver 873 dwellings across five residential buildings in the East Showgrounds Precinct, next door to their now under construction 430-unit Hills Showground Village.

The new development will comprise of three buildings designed by GroupGSA and two designed by TURNER and will include arund 3,500 sqm of open public space in the form of landscaped courtyards, a public park and communal outdoor recreational space including a playground, barbeque area, and outdoor seating.

<img alt="Deicorp" data-entity-type="file" data-entity-uuid="9e5b79fb-bcb4-4a0e-855a-497aa429e3e0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-04%20at%2010.44.22%E2%80%AFAM.png?VersionId=vLuMGyeVt3uNg.2crQ2AzPaTEJLc.E9v" />

Deicorp was chosen by Landcom and Sydney Metro to develop both sites, with the new project&nbsp;delivering 136 one-bedroom, 527 two-bedroom and 210 three-bedroom dwellings.

“This approval will allow us to start construction on a range of beautifully designed, conveniently located apartments and create another vibrant, walkable and well-connected community,” said Deicorp’s founder Fouad Deiri.

“These new homes will provide their residents with a seamless connection to jobs and services along Metro North West, and the new Hills Showground Village retail precinct currently under construction.

“We look forward to deliver this much-needed housing that adds to our significant pipeline of projects along the Metro line, which includes Tallawong Village, Hills Showground Village, and The Five Ways in Crows Nest which recently was granted development approval.

“Importantly, the East Showgrounds development will include 44 affordable housing apartments for key workers on the doorstep of Sydney’s Metro rail line."

<img alt="Hills" data-entity-type="file" data-entity-uuid="c928d11b-df44-4f84-abf1-102a4f2826c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-04%20at%2010.44.49%E2%80%AFAM.png?VersionId=AmYLq4nuYFKD4dJWqW8Kvifi7AC27k7q" />

GroupGSA Director Lisa-Maree Carrigan said The Hills Showground Precinct East emphasises sustainability to enhance its environmental, social, and economic value, aiming to become a green neighbourhood with excellent amenities.

"It provides a strong connection to both the landscape and historic setting of the Castle Hills Showgrounds, with designing with Country bringing together all buildings and communal spaces through the vibrant public realm,"&nbsp;Carrigan said.

“The buildings form a backdrop to the verdant Showgrounds above the tree line, affording the apartments expansive views over the district and towards the CBD. This natural setting is enhanced through substantial balconies, rooftop gardens and parks, with communal rooms and grand lobbies providing areas for socialisation and community.

"Located directly adjacent to the Metro, the apartments have been designed to provide generous outdoor living spaces and provide an enviable lifestyle with tremendous convenience."

The latest approval adds to the Independent Planning Commission’s approval for Deicorp’s 188-unit Crows Nest project and the City of Sydney’s consent for their 574-unit project in Joynton Ave Zetland.

“This approval will allow us to start construction on a range of beautifully designed, conveniently located apartments and create another vibrant, walkable and well-connected community,” said Deicorp’s founder Fouad Deiri

Deicorp secures approval for East Showgrounds, Castle Hill apartment project

After a very brief cooling of the market, Sydney property is back doing what it does best, growing in value.

The monthly update from property data analytics firm CoreLogic showed a sharp turnaround in most capital cities over February, with their overall Home Value Index swinging from negative growth in January to positive in Feb.

Unit values in Sydney edged up 0.2 per cent, following back-to-back months of declines (-0.2 per cent in Jan and -0.3 per cent in December). The median unit value in Sydney is now $855,000.

Houses have performed in a similar pattern, up 0.3 per cent in February following declines of -0.4 per cent in January and -0.7 per cent in December. The Sydney median house value is $1.4 million, $545,000 more than the median unit value.

The interest rate change in the middle of February was enough to change the fortunes of most capital city markets. The upper quartile of the market led the growth in Sydney, aligning with CoreLogic’s past research indicating that high-value housing segments tend to respond more quickly to interest rate shifts.

Regional NSW saw stronger growth relative to the capital, with values rising 0.4 per cent over the month and one per cent over the rolling quarter.

Stock levels remained elevated in Sydney, with listing counts up 6.9 per cent compared to the previous five-year average. While the market remains in a rebalancing phase, the latest figures suggest Sydney’s downturn may have been short-lived, with further growth possible if borrowing conditions improve.

<h2>What happened in Sydney’s off the plan apartment market in February?</h2>

The off the plan apartment market in Sydney saw several significant developments in February including regulatory changes, major project approvals, and shifting market dynamics driven by anticipated interest rate cuts.

The NSW Government announced it will be reviewing off the plan contract laws to provide greater certainty for buyers and to prevent developers from unfairly profiting from contract delays or cancellations.&nbsp;

Proposed reforms include mandatory sunset clauses to ensure buyers can withdraw if key milestones are not met, restrictions on developers extending sunset dates beyond factors outside their control, and potential financial penalties for inaction.&nbsp;

The government is also considering changes to outdated land title covenants to facilitate housing development. Consultation is open until 7 March 2025, with legislation expected in 2025.

Read more:&nbsp;<a href="https://www.urban.com.au/news/nsw/off-the-plan-contract-laws-under-review-to-provide-greater-certainty-to-buyers">Off the plan contract laws under review to provide greater certainty to buyers</a>

The NSW Government were again involved in the biggest planning move in February. They sign off on concept approval of the Central Barangaroo precinct by&nbsp;<a href="https://www.urban.com.au/developers/aqualand-australia" target="">Aqualand</a>.

The five-hectare development will feature residential, retail, hospitality, and community spaces, alongside a new metro station entrance and over two hectares of public open space.&nbsp;

<img alt="Central Barangaroo development takes big step with concept proposal approval" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-02-17%20at%208.55.23%E2%80%AFAM.png?VersionId=SFwWJx81d_FB3UrHwr4R.KF3vX8bVsAE" />

The project is set to generate $2.26 billion in economic activity during construction and create over 12,000 jobs.&nbsp;

Detailed development applications will follow, with construction expected to commence in late 2025 and the first stage completing around 2030.

Read more:&nbsp;<a href="https://www.urban.com.au/news/nsw/central-barangaroo-development-takes-big-step-with-concept-proposal-approval">Central Barangaroo development takes big step with concept proposal approval</a>

Several notable residential projects progressed in February. <a href="https://www.urban.com.au/developers/goldfields-group">Goldfields</a>&nbsp;appointed <a href="https://www.urban.com.au/builders/ultra-building-co">ULTRA Building Co</a> as the builder for The Bryson in <a href="https://www.urban.com.au/developments/chatswood-nsw-2067">Chatswood</a>, a high-rise apartment project designed by <a href="https://www.urban.com.au/architects/make-architecture">Make Architects</a>.&nbsp;

<a href="https://www.urban.com.au/new-apartments/the-bryson-of-chatswood-871-877-pacific-highway-chatswood">The Bryson</a> will include one, two, and three-bedroom apartments, luxury penthouses, and a mix of retail and office space. Construction is scheduled for completion in Q4 2026.

[smartcode_project:default project_id=21170 project_image_fid=210270]

In <a href="https://www.urban.com.au/developments/darling-point-nsw-2027">Darling Point</a>, <a href="https://www.urban.com.au/developers/lendlease-development">Lendlease</a> and joint venture partner&nbsp;<a href="https://www.urban.com.au/developers/mitsubishi-estate-asia">Mitsubishi Estate</a>&nbsp;released preliminary plans for its significant development at <a href="https://www.urban.com.au/new-apartments/darling-point-road-apartments-darling-point-road-edgecliff">1 Darling Point Road</a>.&nbsp;

The proposed 17-level tower will include 60 apartments, with 21 designated as affordable housing. <a href="https://www.urban.com.au/architects/tzannes-architects">Tzannes Architects</a> is leading the design, with construction anticipated to begin in 2026.

Read more:&nbsp;<a href="https://www.urban.com.au/news/nsw/preliminary-apartment-plans-revealed-for-landmark-darling-point-site-by-lendlease-and-mitsubishi-estate">Preliminary apartment plans revealed for landmark Darling Point site by Lendlease and Mitsubishi Estate</a>

<img alt="Preliminary apartment plans revealed for landmark Darling Point site by Lendlease and Mitsubishi Estate" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-02-05%20at%2012.37.22%E2%80%AFPM.png?VersionId=i_2JCgJfRF56VDrdjZo6FOW02I0boIVu" />

Further east, more shoptop housing is planned for&nbsp;<a href="https://www.urban.com.au/developments/bondi-beach-nsw-2026">Bondi Beach</a>’s Hall Street.

The five-level building will feature 17 apartments above several retail spaces. Designed by <a href="https://www.urban.com.au/architects/mhn-design-union">MHN Design Union</a>, the project aims to integrate with the evolving streetscape of Bondi’s commercial and residential precinct.

<img alt="First look: Hall St, Bondi Beach transformation to continue with new shoptop housing pitched" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-02-10%20at%2012.28.14%E2%80%AFPM.png?VersionId=AESrkS9BPGMPFQF7lkA4Z8DQcPVh6dY." />

Read more:&nbsp;<a href="https://www.urban.com.au/news/nsw/first-look-hall-st-bondi-beach-transformation-to-continue-with-new-shoptop-housing-pitched">First look: Hall St, Bondi Beach transformation to continue with new shoptop housing pitched</a>

Before the February rate cut, CoreLogic conducted research to identify areas that could experience the highest growth from several potential rate reductions.

Their findings indicated that the <a href="https://www.urban.com.au/developments/chatswood-nsw-2067">Chatswood</a> and <a href="https://www.urban.com.au/developments/lane-cove-nsw-2066">Lane Cove</a> area would be one of the top performers, with a projected value increase of 16 per cent if the Reserve Bank were to cut the official cash rate by one percentage point.

The Eastern Suburbs could see a 13 per cent increase, while regional areas such as Dural to Wisemans Ferry and Campbelltown might experience growth of up to 18 per cent and 16 per cent.

Read more:&nbsp;<a href="https://www.urban.com.au/news/nsw/the-sydney-suburbs-that-will-see-the-biggest-uplift-in-apartment-values-after-interest-rate-cuts">The Sydney suburbs that will see the biggest uplift in apartment values after interest rate cuts</a>

City Beat February 2025: Sydney property downturn ends abruptly as rate cuts spur price growth

When boutique developer Prime Edition was researching where to create their next apartment project, it was important to focus on some key fundamentals that would allow future residents to live an elevated lifestyle.

Prime Edition, known for its boutique developments in areas like Toorak and South Yarra, aimed to bring that level of quality and craftsmanship to a larger scale. For that, they needed a larger site befitting of their vision.

That led them to <a href="https://www.urban.com.au/developments/clifton-hill-vic-3068">Clifton Hill</a>, the small suburb tucked away between Fitzroy and Collingwood.

Very little new development has occurred in recent years in the area, which benefits from being close to the Melbourne CBD.

Prime Edition snapped up a 1,540 sqm site on Queens Parade, near the intersection of Queens Parade and Smith Street, regarded as a prime location.

They recently launched the development, dubbed <a href="https://www.urban.com.au/new-apartments/33-queens-parade-clifton-hill-33-queens-parade-clifton-hill">33 Queens Parade</a>, a collection of 40 apartments, penthouses, and townhouses that will allow future residents to benefit from a myriad of local amenities while also being well-connected to wider Melbourne.

[smartcode_project:default project_id=134228 project_image_fid=305765]

The development is strategically located across the road from the Smith Street and Queens Parade tram stop, which will benefit city workers as well as families with children in higher education. The tram on Route 86 takes just 20 minutes to get into the city, passing through Fitzroy and Collingwood, and also heads north through Northcote and Preston to the RMIT Bundoora campus. Clifton Hill Station is also just 700 metres away.

There are educational opportunities aplenty on the doorstep. Just 500 metres up the road is the recently opened Wurun Senior Campus, an innovative new facility for Collingwood College and Fitzroy High School’s Year 11 and 12 students. For a younger family, the address is a short walk to Clifton Hill Primary School.

33 Queens Parade residents will also be spoilt for choice when it comes to parks. 500 metres north is Edinburgh Gardens, one of Yarra's largest parks. The 24-hectare park is home to the W.T Peterson Community Oval, a kids' playground, skatepark, basketball court, barbecue facilities, and large expanses of open lawn and landscaped gardens. Around half of the park is dog off-leash.

The same distance from 33 Queens Parade to the east is Darling Gardens, a smaller park with a kids' playground, barbecue, and walking paths.

Just past Darling Gardens is Quarries Park, a network of parks and sports grounds. It's linked by paths across Clifton Hill and connects to the Main Yarra and Merri Creek trails (Capital City Trail).

[smartcode_project:default project_id=134228 project_image_fid=322175]

Queens Parade Village is also a well-known hub among locals. The shopping village runs from Smith Street up to Heidelberg Road and is home to retail shops, hospitality venues, and health and wellbeing services. At the village's heart is Clifton Hill Station, just 700 metres away.

33 Queens Parade fills a gap in the suburb, where the median house price is over $1.7 million, and less than a quarter of dwellings are apartments.

[smartcode_project:default project_id=134228 project_image_fid=322189]

Architecture firm <a href="https://www.urban.com.au/architects/cera-stribley-architects">Cera Stribley</a> designed the building so the apartments connect to the outdoors at every opportunity, with balconies, garden courtyards, and private rooftop terraces.

Extensive stamp duty savings apply to residences at 33 Queens Parade until October 2025. Apartment buyers could save up to $124,000, while townhouse buyers could save up to $127,000. Those looking to secure a penthouse could save around $195,000 on stamp duty.

[smartcode_project_cta:default project_id=134228]

Queens Parade Village is a well-known hub among locals, home to retail shops, hospitality venues, and health and wellbeing services

Parks, pastries, and proximity to Melbourne: The prime location of 33 Queens Parade apartments in Clifton Hill

In the ever-evolving landscape of sustainable architecture and environmentally conscious design, systems and ratings in place can help determine the energy efficiency of residential buildings in Australia.

Australia has multiple building rating systems that evaluate energy efficiency and sustainability in existing and new building designs.

Some systems assess individual building components, while others provide an overall rating for the entire structure.

A rating system ensures that homes are comfortable and energy-efficient, whether you are buying, renovating, or building.

NatHERS (Nationwide House Energy Rating Scheme) is a common way for new homes to meet energy efficiency requirements.

As new developments continue to shape the urban environment, understanding NatHERS ratings becomes essential for developers and homeowners. This article delves into the concept of NatHERS ratings, their significance, and how they contribute to creating energy-efficient homes.

<h2>What is NatHERS?</h2>

NatHERS is a national initiative implemented by the Australian government to promote energy efficiency in residential buildings. The scheme aims to provide a standardised method for assessing the thermal performance of homes, considering factors such as insulation, orientation, ventilation, and building materials.&nbsp;

NatHERS ratings are the most common way new homes meet the National Construction Code's (NCC's) minimum energy efficiency requirements.&nbsp;

NatHERS assessments provide thermal and whole-home ratings for new homes, townhouses, and apartments.

The rating helps evaluate the energy performance of buildings, guides homeowners and developers to make informed decisions about the energy efficiency of their properties, and encourages the construction of more sustainable, comfortable, and cost-effective homes.

<h2>How NatHERS Ratings Work</h2>

NatHERS ratings are determined through four accredited software tools (AccuRate, BERS Pro, FirstRate5, HERO) using a calculation engine CSIRO developed to predict building temperature based on various factors.

The tools can model complex effects of building mass, insulation, window size, and other elements.

The outcome is a star rating that reflects the building's overall thermal efficiency, indicating how well it can maintain a comfortable indoor temperature without excessive reliance on heating or cooling systems.

The star rating scale ranges from 0 to 10, with a 6-star rating being the minimum requirement for compliance with the National Construction Code (NCC).&nbsp;

Achieving a higher star rating demonstrates a commitment to energy efficiency and sustainability, as the building is better equipped to minimise its environmental impact and reduce long-term energy costs.

Anyone can use NatHERS tools, but accredited assessors can provide certified ratings and professional advice.

<h2>Benefits of Higher NatHERS Ratings</h2>

Energy Efficiency: Buildings with higher NatHERS ratings are more energy-efficient, requiring less heating and cooling energy. This reduces the structure's carbon footprint and lowers occupants' energy bills.

Cost Savings: Homes with higher NatHERS ratings are generally more energy-efficient, resulting in reduced energy consumption for heating and cooling. This translates to lower energy bills for homeowners, making sustainable living environmentally friendly and economically viable in the long run.

Environmental Impact: Lower energy consumption directly translates to a reduced environmental impact. Buildings with higher NatHERS ratings contribute to the overall goal of mitigating climate change by lowering greenhouse gas emissions associated with heating and cooling systems.

Improved Comfort: Buildings with high NatHERS ratings offer better thermal comfort to occupants. Proper insulation, well-designed ventilation, and optimal orientation maintain a consistent and comfortable indoor temperature, providing occupants with a more enjoyable and healthier space.

Market Value and Desirability: Higher NatHERS ratings can enhance the market value of a property. As energy efficiency becomes a more significant consideration for homebuyers, a well-rated building may attract a premium price and stand out in the real estate market.

Compliance with Building Codes: NatHERS ratings are a vital component of the National Construction Code (NCC), and compliance with these ratings is often a mandatory requirement for new developments. Local councils and planning authorities may set minimum energy efficiency standards that must be met to obtain development approval.

The Nationwide House Energy Rating Scheme (NatHERS) is a crucial initiative shaping the future of energy-efficient, resilient, and cost-effective homes. With its recent upgrades, NatHERS has evolved into a world-leading tool for the building sector, supporting the global commitment to achieving net-zero emissions by 2050.

Urban Editorial

What is a NatHERS rating in new off the plan apartment developments?

Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.

Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.

Residential units seamlessly coexist with commercial establishments, retail outlets, dining venues, entertainment hubs, and recreational facilities, with the combination not only enhances convenience but also fosters a vibrant lifestyle and a sense of community.

<h3>Convenience and accessibility</h3>

Mixed-use developments are designed with convenience in mind. They often integrate residential units with commercial spaces, retail outlets, restaurants, and recreational facilities, creating a self-contained community.

[smartcode_project:default project_id=114215 project_image_fid=204874]

The proximity allows residents to enjoy the convenience of having essential amenities and services within walking distance. Whether it's grabbing a cup of coffee, going grocery shopping, or accessing healthcare services, everything is conveniently located, saving residents time and effort.

<h3>Vibrant lifestyle and community</h3>

One of the major advantages of mixed-use developments is the vibrant lifestyle they offer. With a diverse range of amenities and communal spaces, residents have ample opportunities to interact, socialise, and build a sense of community.

[smartcode_project:default project_id=107714 project_image_fid=214122]

The presence of parks, community centres, and shared spaces fosters a lively atmosphere, encouraging residents to engage in various activities and events. The vibrant lifestyle within these developments creates a unique sense of belonging and camaraderie among the residents.

<h3>Potential for higher rental yields and property value appreciation</h3>

Mixed-use developments tend to attract a broad range of tenants and buyers due to their versatile nature. This high demand can result in higher rental yields for investors and potentially lead to property value appreciation over time.

[smartcode_project:default project_id=139989 project_image_fid=212887]

The integration of commercial and retail spaces attracts businesses, which can provide a stable rental income stream. Additionally, the popularity of mixed-use developments often drives up property values, making them a potentially lucrative investment in the long term.

<h3>Enhanced security and maintenance</h3>

Mixed-use developments typically have comprehensive security measures in place. With controlled access points, CCTV surveillance, and professional security staff, residents can enjoy enhanced safety and peace of mind.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

The top five reasons to buy in a mixed-use development

When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.

Often the largest outlay, after the deposit which goes to the bank, is stamp duty.

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.

It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/C32BWkB5--c" title="YouTube video player" width="660"></iframe>

<h2>Who pays Stamp Duty?</h2>

In some circumstances, you may get an exemption. For some states, you won’t have to pay for stamp duty if you are a first home buyer or a pensioner for houses under a particular price. There are also stamp duty concessions, where you may be entitled to a discount.

<h2>How much does Stamp Duty cost?</h2>

Each state has different rules which affect how much you need to pay. These rules can affect the rate you pay, and the timeframe you will need to pay in. Before you buy land or a property, make sure you check the up-to-date information for your state’s stamp duty.

You can use a free stamp duty calculator online to see approximately how much you’ll need to pay. Find out if you’re eligible for an exemption by enquiring on a project via Urban!

Overall, the stamp duty you need to pay will depend on:

<ul>
	<li aria-level="1">How much your land/property is worth</li>
	<li aria-level="1">Where your land/property is located</li>
	<li aria-level="1">What type of land/property it is</li>
</ul>

Want to find out more? <a href="https://www.youtube.com/@UrbanAustralia?utm_source=YouTube&amp;utm_medium=Video&amp;utm_campaign=Subscribe&amp;utm_id=Subscribe">Subscribe to our YouTube channel</a> for more property videos.

Ellen Walker

Off-the-plan property explained: What is stamp duty?

A number of people ask - what is the settlement process when buying off the plan property?

The simple answer is that the process is one part of the off the plan buying journey that isn't too dissimilar to buying in the established market.

The major difference is the time from exchange to settlement, given the off the plan property isn't built yet. The standard settlement for established property is around six to eight weeks.

This however has a number of pros for off the plan buyers.

One of the biggest is that the price paid for the property at the time of exchange doesn't change. Even if the value of the apartment has risen during construction, buyers will still settle on their apartments at the same price agreed.

The settlement date will be forecasted in the contract, as to when the developer believes the building will be complete, and the certificate of occupancy is obtained. Then settlement can start to occur and buyers can move in.

The settlement date forecast is another pro for buyers. While this date can chop and change due to a number of reasons, least of all delays in construction, labour, and materials, it gives the buyer a ballpark future date where they need to have their finances in shape to settle.

By paying a deposit you lock in that price, and you might not be required to pay the rest of the deposit for two or three years, if the construction timeline is that far away. This allows buyers years to save up the rest of the money while their yet-to-be-built property potential grows in value.

The settlement date estimate also puts a time limit on buyers as to when they should either vacate their current rental, or put the wheels in motion to sell their current home.

If you're thinking of purchasing an off the plan apartment, it's a good idea to speak to a conveyancer or solicitor who can advise you on the settlement process and help ensure that everything goes smoothly.

A number of people ask - what is the settlement process when buying off the plan property?

Off the plan property settlement - how does it work?

Arguably floor plans matter more in off the plan property than any other type of property.

In established markets, the floorplan is the floor plan. That's it, barring renovations.

But in the off the plan market, there a number of factors to consider when analyzing floor plans, and a number of questions to ask agents and developers when discussing buying an off the plan property.

First there's the floor plan size.

Floor plan sizes advertised by agents or developers can differ hugely state by state, so it's important to understand whether you are being pitched a property's internal size, or total size.

Internal size is the measurement of the internal floor area of an apartment, and is typically measured in square metres (m²). External size is the measurement of the external dimensions of an apartment, be it a courtyard or a balcony, but sometimes it can include a parking space or storage cage.

Generally, off the plan apartments are advertised with their internal size, as this is the size that you will have to work with when furnishing and decorating your new home. It's important to be aware of external size, however, as this will give you an indication of the overall size of the building and how much outdoor space you will have access to.

When considering internal vs external size, it's important to keep in mind that internal size may vary slightly from the advertised size due to the internal walls of the apartment. External size, on the other hand, is usually accurate to the advertised size as it's based on the overall dimensions of the building.

Another thing to consider when analyzing floor plans in off the plan property is that floor plans aren't necessarily set.

The majority of developers, providing construction is still at its early stages, will allow buyers to customize their floor plan to suit their lifestyle.

It might be that you want to move a bedroom or bathroom, or re-orientate the living area. This generally isn't a problem for developers as long as the moving of internal walls doesn't impact the building structurally, and the redesign all occurs within the same floor plate size of the original apartment.

In the off the plan market, there a number of factors to consider when analyzing floor plans, and a number of questions to ask agents and developers

How to read a floor plan, what questions to ask, and why it's important for off the plan property buyers

Silverstone Developments is scrapping its plans for an office tower in favor of new apartments as it continues to expand its residential development pipeline.

The developer, currently working on The Windermere in Ascot and with another site in Hamilton, has decided to move forward with a 192-apartment tower in Milton, replacing the previously planned 24-level office building at <a href="https://www.urban.com.au/new-apartments/299-coronation-drive-milton">299 Coronation Drive</a>.

They have kept Woods Bagot as the architect and retained many of the design principles from the original office tower plan.

<img alt="Silverstone" data-entity-type="file" data-entity-uuid="90982b46-d5bb-4381-b61b-f6a03ecb759c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-03%20at%202.29.20%E2%80%AFPM.png?VersionId=QwlGCSNRQ3Ibi3hrmtPNkPtkIq8bciOZ" />

"The design concept for the proposed development at 299 Coronation Drive seeks to take cues from the architectural language of exemplary archetypes present on the stretch of Coronation Drive from Toowong to the Brisbane CBD," Woods Bagot noted in their submission to the Brisbane City Council.

They said examples include the fine screen and detail like the nearby Regatta Hotel,&nbsp;the terrace house typology, the modern interpretation of traditional features at the Toowong Library, and the tectonics of the traditional Queenslander.

"The design will draw upon these elements to develop a design that is relevant to place."

<img alt="Silverstone" data-entity-type="file" data-entity-uuid="0ebd2afc-3562-4948-98fe-ebfff07bc638" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-03%20at%202.29.39%E2%80%AFPM.png?VersionId=VSkknd7dq.Dz79FTh9ChTA18kholZkRo" />

The plans are for 192 two and three-bedrooms aimed squarely at the owner-occupier. All of the 48 two-bed units will have a multi-purporse room. The three-bedroom apartments are categorised as small, medium and large in the submission. There will be just eight apartments per floor.

The amenity has been lcoated on the roof, like most new builds in Brisbane. A lap pool, with a plunge pool at either end, will be accompanied by a sauna, steam room, hot and cold plunges, and a treatment room. The roof will also feature a gym, private and outdoor dining spaces, a fire pit area, and extensive integrated seating near barbecue facilities.

<img alt="Silverstone" data-entity-type="file" data-entity-uuid="e7e1d7e3-db76-4bce-9560-b9801d1ec322" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-03%20at%202.30.17%E2%80%AFPM.png?VersionId=tL.JqwnUMOszxcwreRUJ.RKAv5gSCpRa" />

Apartments will be serviced by 291 parking spaces and 270 bicycle spaces.

There's been notable success on Coronation Drive in recent years. In the neighbouring Toowong, Consolidated Properties is close to selling out Monarch Residences at&nbsp;600 Coronation Drive after a <a href="https://www.urban.com.au/news/qld/penthouses-snapped-up-at-toowongs-monarch-residences">stellar few months of penthouse sales.</a>

First look: Silverstone Developments to turn office to apartments on Milton riverfront site

<ul>
	<li data-end="187" data-start="0">The Queensbridge Building, a 62-level mixed-use development, is under construction in the heart of Melbourne’s CBD, South Melbourne, and Arts Precinct, with completion expected in 2025.</li>
	<li data-end="361" data-start="188">The development includes 367 apartments, a 188-room hotel, co-working spaces, resident amenities, and a corner store, with a design philosophy based on ‘Modern Nostalgia.’</li>
	<li data-end="499" data-start="362">Interior design by David Flack focuses on natural light, customizable finishes, and spaces that encourage personalization by residents.</li>
	<li data-end="642" data-is-last-node="" data-start="500">Queensbridge will offer numerous facilities, including a gym, outdoor lap pool, wellness rooms, and a car share program with Tesla vehicles.</li>
</ul>

<hr />
The Queensbridge Building, at the nexus of the Melbourne CBD, South Melbourne, and the sought-after Arts Precinct, is continuing to achieve milestones in its construction.

The striking glass facade by Fraser &amp; Partners is starting to shine from Queensbridge Street, with regarded builder Hickory in charge of the construction of the 62-level, mixed-use building which will be the&nbsp;only new apartment development to complete in <a href="https://www.urban.com.au/developments/southbank-vic">Southbank</a> in 2025. The last completion of a new tower was in 2022.

Developer&nbsp;<a href="https://www.urban.com.au/developers/time-and-place">Time &amp; Place</a>&nbsp;is bringing a rounded lifestyle offering to its future residents. Alongside the 367&nbsp;one, two and three-bedroom apartments will be a 188-room Hannah St. Hotel, significant resident amenity, a two-level mezzanine lobby with co-working centre, and a convenient corner store.

[smartcode_project:default project_id=1504 project_image_fid=272099]

The design&nbsp;philosophy, both in the apartments' interiors and the building's architecture, is guided by Time &amp; Place's new concept of ‘Modern Nostalgia,’ seeking to recreate the comfort and familiarity of home within a skyscraper setting.

Interior architect David Flack handled the design style of the apartments that are designed to optimse nature light with large picture windows and integrated study nooks.

"Often you walk into an apartment, and it’s immediately clear how the designer or architect wants you to live, but not here," Flack said.

"We want you to see yourself within these spaces, and make them your home."

[smartcode_project:default project_id=1504 project_image_fid=272079]

Each of the apartments can be customised with multiple choices of finishes rarely available to any development.

Time &amp; Place use a unique custom lab software that also allows homeowners to view colour selections in the kitchen, bathrooms, and bedrooms.

[smartcode_project:default project_id=1504 project_image_fid=272085]

A myriad of facilities will be accessible by Queensbridge residents, including but not limited to a co-working space, a resident dining room, gym, an outdoor lap pool, a hot house, and several wellness rooms.

Residents will also have access to an affordable car share program with Tesla vehicles

[smartcode_project:default project_id=1504 project_image_fid=272090]

The facilities will be complemented by more public spaces like a&nbsp;reinterpretation of the neighbourhood corner store.

Hickory is soaring past level 50 on its way to completing the 62-level structure, with the interior fitout to follow soon after completion of the building.

[smartcode_project_cta:default project_id=1504]

Developer Time & Place is bringing a rounded lifestyle offering to its future residents

Hickory targets 2025 completion of The Queensbridge Building in Southbank

The latest stage of Collins Wharf by Lendlease presents an opportunity to buy into one of&nbsp;Melbourne’s world-class retail and dining precincts.

<a href="https://www.urban.com.au/new-apartments/ancora-at-collins-wharf-docklands-971-collins-street-docklands-vic-3008">Ancora</a>, designed by international architecture practice <a href="https://www.urban.com.au/architects/warren-and-mahoney">Warren and Mahoney</a>, will comprise just over 300 residences, a mix of waterfront apartments, townhomes and skyhomes, all just a stone's throw from the heart of Melbourne at the end of Collins Street.

We recently visited the onsite display suite at&nbsp;938 Collins St where Lendlease Senior Development Manager, Lorna Stewart-Thornton, gave us an insight into what Ancora offers its future residents.

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"This is the opportunity to enjoy elegance on a grand scale in the most coveted location, where the serene beauty of the water meets the vibrant pulse of Melbourne city,"&nbsp;Stewart-Thornton said.

“Across the range of residences on offer, buyers will enjoy carefully designed and orientated floor plans which capture the best natural light across both single and dual waterfront views.

[smartcode_project:default project_id=9779 project_image_fid=314799]

The Waterfront Apartments feature one, two, and three-bedroom layouts with open-plan living areas, kitchens fitted with integrated Miele appliances, and stone benchtops. Buyers can choose between light or warm colour schemes.&nbsp;

The Premier Collection takes luxury further with larger residences, including townhomes and skyhomes, finished with Gaggenau appliances and natural stone benchtops.

[smartcode_project:default project_id=9779 project_image_fid=318933]

Beyond the apartments, Ancora will deliver an extensive amenity offering.

"Lendlease's approach to placemaking puts lifestyle at the centre of our development,"&nbsp;Stewart-Thornton says.

"Our focus expands beyond apartments to the spaces and amenities that complement the home."

Ancora residents will have access to extensive wellness facilities, including an indoor pool, spa, sauna, steam room, and a fully equipped gym, as well as two open-air terraces which will take in city and waterfront views.&nbsp;

[smartcode_project:default project_id=9779 project_image_fid=314808]

Ancora also integrates green space, with over 5,000 square metres of parkland planned for the ground-level, offering outdoor areas for relaxation, fitness, and social gatherings.&nbsp;

Located on the water’s edge, Ancora offers direct access to Victoria Harbour Promenade and is within walking distance of Collins Street, linking residents to Melbourne’s best retail and dining precincts.&nbsp;

Construction on Ancora is set to commence soon.

[smartcode_project_cta:default project_id=9779]

Located on the water’s edge, Ancora offers direct access to Victoria Harbour Promenade and is within walking distance of Collins Street, linking residents to Melbourne’s best retail and dining precincts.

"Where the water meets the city": Inside Lendlease's Ancora at Collins Wharf

&nbsp;

Lower North Shore developer&nbsp;<a href="https://www.urban.com.au/developers/da-properties">DA Properties</a> has revealed its next apartment project.

DA Properties, led by David Allen, has sought to create a five-level building on Murdoch Street in Cremorne.

They're proposing 31 two and three-bedroom apartments in the $30 million block across an amalgamation of several sites between 45 and 51 Murdoch Street, toward the top of the street just off Military Road. It is strategically positioned next to Redlands Junior Campus.

<img alt="Murdoch Street, Cremorne DA" data-entity-type="file" data-entity-uuid="30ecedfc-1d8f-4b24-bf76-79d4bb0a6602" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Murdoch%20Street%2C%20Cremorne.png?VersionId=ez5wZff0pMaJAtGtQTQLIXkt01FhoDzF" />

Designed by <a href="https://www.urban.com.au/architects/pbd-architects">PBD Architects</a>, the development responds to the site's irregular shape and triple street frontage with a contemporary, articulated form that mitigates visual bulk and integrates with the surrounding streetscape, the documents submitted to the North Sydney Council state.

The design also reflects <a href="https://www.urban.com.au/developments/cremorne-nsw-2090">Cremorne</a>’s leafy character while contributing to housing diversity, particularly through its mix of larger apartments and affordable housing. &nbsp;

The development will feature 776 sqm of communal open space and landscaping in the southwestern corner, along with 45 basement car spaces accessed via Education Lane. &nbsp;

DA Projects is hoping to start construction in August. The developer has previously created Porteno Manly, 41 luxury apartments on Whistler Street. They have another project in nearby McMahons Point.

First look: New apartments set for Cremorne's Murdoch Street

Bassar Group's penchant for Broadbeach development is set to continue with its latest apartment play.

Bassar, led by Leo Sarris and Simon Bassil, has filed plans with the Gold Coast City Council for a 33-level tower with 56 half-floor apartments on Anne Avenue, similar to their successful Infinity project which they completed around the corner in 2023 on Surf Parade.

The <a href="https://www.urban.com.au/new-apartments/avva-19-anne-avenue-broadbeach">new tower, Avva</a>, the Greek translation for Anne which reflects Sarris' heritage, will feature a range of amenities on the podium levels, from a lap pool with day beds to a wellness area with a gym, yoga deck, hot and cold plunge, and a sauna and steam room.

Leo Sarris, Bassar Group Director, said the conditions are right for their next installment of luxury in <a href="https://www.urban.com.au/developments/broadbeach-qld-4218">Broadbeach</a>.

"We're excited to announce the next Bassar tower following on from Infinity which sold out before construction completion," Sarris says. They've kept the same design team, with BDA again on board.

"Avva is an edgier and more contemporary cousin to Infinity."

<img alt="Bassar" data-entity-type="file" data-entity-uuid="022a60d0-d41f-4bb6-a1d2-b5fa874fe134" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-02-28%20at%202.04.28%E2%80%AFPM.png?VersionId=mbXzqdPl9Imy2oiTpptYLOiby5RCbSod" />

Sarris says it's all about finding that sweet spot for both the developer and purchasers.

"We're targeting to provide a product that ticks boxes for location and local amenity to suit our buyers, but also being as simple as possible when it comes to design. If we simplify the design process, and give buyers what they need and not overdo it with unnecessary additional costs, we can then offer a competitive price point.

"We'll still be having large 166 sqm internal floorplans with three bedrooms, with just two apartments per floor. We know that's what our type of buyer wants after delivering Infinity."

When comparing to the COVID boom which Bassar benefitted from when they were marketing Infinity, Sarris says the landscape on the Gold Coast is now very different.

"Buyers are more savvy now," Sarris says.

"There was a time when buyers would pay anything to get into the Gold Coast market. Now, with the cost of living and increased interest rates, it's not as easy, so you really need to hit the sweet spot in terms of design which then informs the price you can sell the apartment for."

<img alt="Bassar" data-entity-type="file" data-entity-uuid="aa2656d9-19db-4677-9d44-9c06f9042ee1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-02-28%20at%202.28.01%E2%80%AFPM.png?VersionId=BZmL26GBIFeWWs8SCC_e7Zf4SD4Lhkrh" />

Sarris still expects some interest from the southern states, however acknowledging that demographic won't be as prevalent as it was several years ago. Local buyers are likely to dominate sales.

BDA Architecture, who designed Infinity, has been in charge of the architecture for the new project.

They said the new "modernist-inspired tower&nbsp;adopts an angular expression to its form."

<img alt="BDA" data-entity-type="file" data-entity-uuid="e8cc038c-7cff-4adb-8827-dc4fc9bfc1f9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-02-28%20at%202.32.06%E2%80%AFPM.png?VersionId=CR58MXSiw4UE2OsET8AH2l0FAPb1DhCd" />

"The tower floor plan is shaped to create striking oblique spatial expression. The tower form offers visually interesting angles to passers-by. The movement and angles reflect the subtle angles of the coastal context."

The new tower at 19 Anne Avenue will replace the 1970s MaxMar apartment block.

GV Property Group's Luke Reaby put the 1,032 sqm site together, amalgamating eight individual owners in the original two-level walk-up.

Leo Sarris, Bassar Group Director, said the conditions are right for their next instalment of luxury in Broadbeach

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